GBP/USD – 30M – BUY

The currency pair British Pound/US Dollar (GBP/USD) breaks through the descending trendline upwards

A bullish movement upwards to the next resistance at 1.31744 is likely expected.

Caution: A possible trend reversal in the direction of the support level at 1.30942 could happen.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart signal. The pair is likely to go up.

In addition a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which could be a positive signal. The currency pair is likely to rise.

In addition a ‘Northern Doji’ candle pattern is discovered. The chart shows ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.31744 – 1.3142 – 1.30528 – 1.30942 – 1.30525 – 1.30111 —
1.31617 – 1.31446 —
59.705203661468 – 44.709335386893 —
– —
1.31744 – 1762545600

Trading Signals: FOREX – GBP – GBP/USD – USD – Northern Doji – – – –